A large three way dip and fault bounded structure, the Cadence Prospect, with reservoir potential at multiple levels including the Scremerston and Fell Sandstone Formations with a Best Estimate
GIIP of 1,282 BCF (Range 288 to 4,232 BCF) and unrisked P50 Prospective Resources of 769 BCF (Range 170 to 2,585 BCF).
First, we propose a solution to the actuarial problem of calculating a best estimate
of outstanding claim liabilities.
The blue line is labeled as the 'ultimate' mortality improvement, defined as the best estimate
assuming the effects of underwriting have worn off.
To put the rate of seepage into perspective, the total oil leaking into the oceans from natural seeps, and losses from production, transportation and consumption is estimated to be between 470,000 and 8,300,000 tonnes, with a best estimate
of 1,300,000 tonnes.
Previously recognized positions should be adjusted as necessary to conform to the best estimate
measurement rule of the proposed Interpretation (as modified by TEI's recommendations).
In this regard, the letter encouraged the banking industry to maintain conservative reserving practices consistent with management's best estimates
In addition the latest evaluation shows that there also remains 297bcf gross, or 49mmboe, of best estimate
prospective resources of gas at Raniganj, Essar Energy said.
The company has reported a contingent resource best estimate
If the useful life stretches beyond the contract term but is not indefinite, CPAs must make their best estimate
of the asset's useful life.
412(c)(3) requires that actuarial estimates be reasonable and offer the actuary's best estimate
of the anticipated experience.
The result of these calculations, referred to as the "expected benefit obligation," involves using the best estimate
of the underlying assumptions, such as retirement age, employee turnover, mortality, the frequency and cost of future medical services, and an appropriate discount rate.